Compagnie des Alpes (CDA) Q4 2024 TU earnings summary

Executive summary

• Annual sales reached €1,239.2 million, up 10.1% year-over-year, marking a record for all three divisions.

• Growth driven by exceptional ski season and resilient Leisure Parks performance despite adverse weather and major events.

• Integration of Groupe Urban since June 2024 contributed to sales growth.

Financial highlights

• Full-year sales: €1,239.2 million (+10.1% reported, +8.9% comparable basis).

• Q4 sales: €260.7 million (+12.5% reported, +8.0% comparable basis).

• EBITDA target for FY 2023/24 confirmed at around €350 million, up ~15% from €304 million in 2022/23.

Outlook and guidance

• Annual EBITDA guidance reaffirmed at around €350 million, reflecting strong Q4 Leisure Parks performance.

• Early indicators for 2024/25 winter season and holiday periods are positive, especially for high-altitude resorts and MMV.

• Leisure Parks' Halloween and Christmas pre-sales show slight growth over last year.